i remember saying the depression meme will be the next to take hold over a year ago and everyone thought that idea was crazy.
I havent traded for weeks but a long options trade here somewhere seems appropriate given the next thing we'll see is globally dropping interest rates which I expect might (MIGHT) see a bounce for a few weeks...until they can work out whether or not to pull the next geopolitical stunt. I still reckon North Korea is being set up for this.
See Russia in total freefall today down 8%.
If we bounce can you imagine anyone staying long in this.
This is like a cyclone and I warn you now, people behave like people always. See the stampede in that Indian temple recently where 70 or so got squashed for No reason. Economic shelves will empty. Its a stampede for credit which means money which ultimately means cash....and then food. be prepared.
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